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Non-bank financial institutions (NBFIs), known as financial institutions (FIs), are those types of financial institutions that are regulated under the Financial Institution Act, of 1993 and controlled by Bangladesh Bank. Now, 34 FIs operate in Bangladesh while the maiden one was established in 1981.
[11] [12] The Daily Star would later describe him as the Sultan of Swindle after he scammed 102 billion BDT from financial institutions. [ 13 ] [ 12 ] [ 14 ] Another co-worker of Halder at Industrial and Infrastructure Development Finance Company Limited, Uzzal Kumar Nandi became chairman of People's Leasing and Financial Services Limited and ...
In 2007, Dr Salehuddin Ahmed, Governor of Bangladesh Bank ordered the monitoring of nine non-banking financial institutions including International Leasing and Financial Services Limited. [10] On 24 June 2008, the International Leasing and Financial Services Limited established a branch in Chittagong. [8]
The sectors have been categorized in accordance with their degree of regulation. The formal sector includes all regulated institutions like banks, non-bank financial institutions (FIs), insurance companies, capital market Intermediaries like brokerage houses, merchant banks etc.; micro finance institutions (MFIs).
IDLC was established in 1985 by the initiation of IFC of the World Bank. [9] The company was formed via collaboration of International Finance Corporation, German Investment and Development Company, Korea Development Financing Corporation, Aga Khan Fund for Economic Development, Kookmin Bank, IPDC Finance Limited of Bangladesh and Sadharan Bima Corporation.
(also known as DBH) is a private sector non-bank financial institution in Bangladesh. It is a public limited company listed in Dhaka Stock Exchange and Chittagong Stock Exchange. It was established in 1996 by an international joint venture [1] and started its operation in 1997. DBH specialises in real estate finance and is the largest ...
FAS Finance and Investment Limited is a major non-bank financial institution in Bangladesh providing lease financing and investment services. [2]In 2020, it was one of the financial institutions targeted by Prashanta Kumar Halder, nicknamed the Sultan of Swindle by The Daily Star, [3] who had stolen 102 billion taka from FAS Finance and Investment Limited, People's Leasing and Financial ...
People's Leasing and Financial Services Limited is a major non-bank financial institution in Bangladesh providing leasing and investment services. In 2020, Bangladeshi-Canadian businessman Proshanta Kumar Halder, known as the Sultan of Swindle, scammed 35 billion taka from the company. [2] [3] [4] [5]